Cipla playing with historic resistance.. if it sustains above that level for next couple of sessions we can see upside movement else wait go for short
Based on the chart we can see the market has been very volatile and ranged mostly inside CPR and did not give any clear direction of trend. Tomorrow might be a trending day if market opens by gap up or gap down
Based the trend there is a huge selling above 30000 level and also buying at the lowest levels for intermediate gains. There will be huge volatility in the BTCUSDT for the next couple of days.. you can see the upward moment only after 32500 mark. Until than we can see a low of upto 26500 which is the next support level.
After Continues bear sessions and consolidation with unexpected volatility the BTCUSD looks like it took firm position above 30000. But we cannot say that the momentum for bullish has gained until further consolidation for the next couple of days.. but watching the trend change gives some hope for the investors in it.. hope you like my idea.. 32500 above would be...
Based on the daily time frame chart we can see a reversal or rejection happening at the bottom in lower time frames and moving towards a w pattern.. if at all market sustains above 30000 for the next few days after consolidation we might see an upward trend.. till then there will be no clear direction of trend.. please comment your thoughts on this!!🤔